Untethered Jailbreak for iOS 5.0.1 on the iPad Now Available via redsn0w

There has been some significant news on the jailbreak front for iOS devices thanks to the hard work of @pod2g. His work has resulted in the release of updated tools for an untethered jailbreak for the iPad 1 on iOS 5.0.1.

Update #2: The b2 version of redsn0w includes the launchctl-related fix by @planetbeing as mentioned by @saurik here and here. As usual, you can just re-run redsn0w in jailbreak mode over your existing 5.0.1 jailbreak (even a PwnageTool one), making sure to de-select “Install Cydia” if you do. Always be sure to do a controlled “slide to power off” shutdown of your device before running redsn0w.